Idaho County free press. [volume] (Grangeville, Idaho Territory) 1886-current, 1887-03-25

such Indebtedness. and thereafter inter-
est theron shall cease. When the
treasurer redeems any county indebted
ness. he must endorse by writing or
stamping in ink on the face of the
paper evidencing such Indebtedness so
the time when, and the
amount for which redeemed, whether
by money or the exchange of bonds,
and the words ",'edeenaed' and cancelled"
He must also keep a record of all bonds
disposed of by him, showing their num-
Der, rate OF interest, date; and smount
of sale, when, where, and to whom
payable, and if exchanged for what,
which record must be kept open for
inspection for the public at all reason
able office hours, and he must make
such detailed statements to, and as often
as required, by said board, of Al. his
transactions under the provisions of
this chapter, and return to the board
evidences Indebtedness redeemed by
him cancelled as aforesaid.
1905 The board must cause to be
levied annually upon all taxable proper
ty OF the cohiity in addition to other
authorized taxes sufficient sum
to pay the interest on all bonds disposed
of in pursuance of the provisions of this
chapter, and must at least one year
| before such bonds become due, and in
| time to provide the means for TIL cir pay
ment, cause to be levied sufficient
additional sum to pay said bonds as
they become due, and all such taxes
must be levied, assessed and collected
as other county taxes, until the bonds
so issued are fully paid, fncfhding
the interest thereof; the faith, credit
and all taxable property within the
limits of the county as Constituted at
the time of such issue are, and must
continue pledged, and the proper officer
of the county must continue TO assess
and collect on all the taxable property
within such limits the necessary taxes
to pay all said bonds and interest there
on as the same becomes due, but the
segregated territory must be relieved of
such taxation when the county acquir-
ing such territory pays to the county
losing the same, the same proportion Of
the whole Indebtedness of the county as
the assessed value of the property in the
segregated territory bears to the
assessed value Of the property in the
whole county as constituted before the
division thereof. Should the tax for
] the payment of interest on any bonds
issued under the provisions of this chap
ter at any lime not be levied or collec-
ted in time to meet such payment the
interest must be paid out of any moneys
in the county general or current ex-
pense fund of the county, and the
moneys so Used for such payment OF
interest must be repaid to the fund from
which so taken, out of the first moneys
collected from taxes,
5000. II shall be the dnty of the
county treasurer to apply the funds
derived from the sale of bonds to the
payment of the Indebtedness herein
mentioned. and to no other purpose,
and it shall be the duty of the county
| OIucialS 10 levy, coiioCl ahu Apply bhS
tax herein provided for the payment of
the interest and redemption of the prn-
cipal of the bonds in the manner speci-
fed, and for no other purpose, and any
failure to comply with the conditions of
this chapter by the proper officers, or
any neglect or refusal to levy or collect
any such tax as aforesaid. shall be
deemed a misdemeanor and any county
official guilty of the same must upon
conviction be fined in an amount equal
to the sum that should have been levied
or for any misrepresentation he shall be
fined in an amount equal to the sum so
misappropriated, and imprisoned in the
county Jail for term not less than
three months nor more than twelve
| months.
| 1907. The treasurers of the respec-
tive counties shall. for the services
required of them by the provisions OF
this act, receive a compensation of not
/ less than one fourth of one per cent.
nor more than one half of one per cent.
of the amount of bonds issued under
the provisions of this act; and the board
of county commissioners shall, at the
time Of issuing such bonds, fix the rate
of compensation, and when such bonds
are sold, shall audit and allow the
account of such treasurer.
ADDroyed Jan d 1887